Over the past 24 hours, the cryptocurrency market has seen a slight dip of round $30 billion and whereas most digital property have largely traded sideways on that interval, XRP noticed an increase of little over 1%, additional consolidating its place because the third-largest digital asset.
In line with CCData, the worth of XRP is up little over 1% to now commerce at $2.422. Up to now week, the cryptocurrency has surged greater than 16%, from round $2.112 to its present degree, within the continuation of a big value rise that began in early November.
That rise was partly triggered by Republican candidate Donald Trump successful the U.S. election after operating with a pro-crypto stance, vowing to help the business. Since then, XRP is up greater than 300%.
The crypto market as a complete has been rising over expectations President-elect Donald Trump will usher in coverage shifts, together with the institution of a strategic Bitcoin reserve and the appointment of Paul Atkins as head of the SEC.
Trump’s pro-crypto stance has seen many speculate that XRP might quickly see the launch of a spot ETF providing publicity to it. A number of corporations have already filed for spot XRP ETFs, together with Bitwise, Canary Capital, WisdomTree, and 21Shares. Ripple’s CEO Brad Garlinghouse has urged such a fund is “simply inevitable.”
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